The Unintended Consequences of the Zero Lower Bound Policy
收藏NBER2016-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22351
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资源简介：
We study the impact of the zero lower bound interest rate policy on the industrial organization of the U.S. money fund industry. We find that in response to policies that maintain low interest rates, money funds: change their product offerings by investing in riskier asset classes; are more likely
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美国国家经济研究局创建时间：
2016-06-01
